Closet_Gamer
Thinks s/he gets paid by the post
I generally don’t want more than 1-2% of my net worth depreciating in my driveway.
That said, I love nice cars.
This is why I buy used and shop very hard for them. I currently have a 2017 Porsche, 2018 F150 and 2017 Mazda CX-5 Grand Touring. Picked up the CX-5 and Porsche in 2022 and the F150 this year.
Each had about 30k miles on them. And they were pristine. Not a scratch inside or out. All had clean Carfaxes. None of them had major model changes in the intervening years. Features depreciate faster than cars, so by buying what were the high end 2017/2018 packages, you get most of the same stuff as an upper mid-range package today. Not all, but most.
They were essentially new vehicles and I got multi year bumper-bumper warranties on the Porsche and CX-5.
Vs new pricing?
Porsche 25% less
CX-5 25% less
F150 50% less
But … I shop very hard for my cars and have twice driven 50 miles to more rural Porsche/Audi dealers because I found the right car at the right price.
So … to the original question …
1-2% of net worth but I drive nicer than that with research and some shopping.
That said, I love nice cars.
This is why I buy used and shop very hard for them. I currently have a 2017 Porsche, 2018 F150 and 2017 Mazda CX-5 Grand Touring. Picked up the CX-5 and Porsche in 2022 and the F150 this year.
Each had about 30k miles on them. And they were pristine. Not a scratch inside or out. All had clean Carfaxes. None of them had major model changes in the intervening years. Features depreciate faster than cars, so by buying what were the high end 2017/2018 packages, you get most of the same stuff as an upper mid-range package today. Not all, but most.
They were essentially new vehicles and I got multi year bumper-bumper warranties on the Porsche and CX-5.
Vs new pricing?
Porsche 25% less
CX-5 25% less
F150 50% less
But … I shop very hard for my cars and have twice driven 50 miles to more rural Porsche/Audi dealers because I found the right car at the right price.
So … to the original question …
1-2% of net worth but I drive nicer than that with research and some shopping.